Category Archives: Business News
The lowest mortgage rates: why the number of credits he fall?
The number of mortgages contracted decreased by 23% in March compared to March 2011, is there Thursday barometer of mortgage credit, a statement of Febelfin, the federation’s financial sector. The number of loan applications fell by 20%. Pamela Renders, Febelfin spokesman said Col. Mathieu in the mic: “From the summer of 2009, the lending market …
It’s feast or famine for the Canadian real estate market
While the Canadian housing market seems pretty quiet, there are plenty of movement below the surface, according to an analysis that the economics department of BMO from the figures that the Canadian Real Estate Association has published today on the property sales in March. Seasonally adjusted sales rose 2.5 percent in March from the previous …
Mortgage Rates and owners bear an increase of 2%
The majority of Canadian homeowners (57%) say they could still afford to own property if interest rates increased by 2%. However, 20% indicated that such an increase would reduce their ability to have a house, and 23% said they were unsure of the effect it would have on them. Here are some findings that emerge …
What is the mode of mortgage financing in most cases selected by borrowerS?
In Canada in 2011, according to a study by the Canadian Association of Accredited Mortgage Professionals, about 60% of mortgage holders have opted for a fixed rate mortgage *. However, in recent years new innovative mortgage products have emerged and gained popularity. Despite the popularity of fixed rate, variable rate products currently more interested borrowers …
Axa ended its mortgage business in Hungary in mid-2011
The French bank insurer Axa has stopped since mid-2011 to the production of mortgage loans in Hungary, said Tuesday at the AFP General Manager for Central and Eastern Axa. Decisions taken by the Hungarian government for nearly two years have severely impacted our business in Hungary, including the activity of mortgages, said Cyrille de Montgolfier. …
Mortgages: tax deductions questioned
In international comparison, Swiss households are particularly indebted. This results primarily from higher mortgage interest. But as there may be deducted in the tax return, the tax system favors Helvetic this situation. Moreover, the party who pays his credit saw their tax situation worse. For this reason, a working group seeks to end these tax …
No rise in mortgage rates in March
For the first time since May 2010, banks have not increased their grids interest rate for the month of March 2012, according to the credit broker Meilleurtaux.com. Better, 83% of their partner banks lowered their lending rates, announces the broker. This allows borrowers seeking a mortgage to benefit from attractive rates still, while the conditions …
Decline in mortgage lending in February
The number of mortgage loans fell 26% in February compared to February 2011, is there Thursday barometer of mortgage credit, a statement of Febelfin, the federation’s financial sector. The number of loan applications also declined by about 23%. The amount of lending has also declined, by about 16%. The amount of loan applications has contracted …
Lower earnings in 2011 for the Raiffeisen Group
The Raiffeisen Group fell 5.1% to 595.3 million francs. However, the volume of mortgages rose 7.5% to 128.5 billion while funds invested by clients rose 4.9% to $ 122.2 billion. “The group’s loan growth was mainly achieved through the ownership of your own home, a segment that has traditionally been very few failures,” noted Friday …
Fannie Mae publishes the monthly report of January 2012
This monthly report contains information on activities monthly and year-to-day Fannie Mae’s mortgage portfolio for our gross mortgage securities and other guarantees, risk measures of interest rates, default rates of payment, and loan modifications.